Full year net earnings at fashion retailer Le Château increased 35.5% to $33.6m, from $24.8m last year, helped by continued improvements in gross margins.

The company's earnings before interest, income taxes, depreciation and amortization (EBITDA) for the year increased 32.0% to $69.7m or 20.7% of sales, compared to $52.8m or 17.4% of sales last year.

Sales for the year increased 10.6% to $336.1m from $303.9m for the same period last year, the company said.

Same-store sales were up by 5.6% versus the same period a year ago.

During the year, the company opened 18 new stores, closed four stores and expanded 11 existing locations, resulting in the addition of 111,000 square feet or 13.0% to the Le Château network.

Net earnings for the fourth quarter increased 48.8% to $12.2m from $8.2m, with quarterly sales rising 7.5% to $100.0m for the three months. Same-store sales increased 2.4% over the same period a year ago.